Toyota pays $1.2 billion to end government investigation into sudden acceleration claims

The company will also fully admit wrongdoing and be subject to 'rigorous' review

In the recent hubbub of General Motors’ recall lawsuits, one may be forgiven for forgetting that Toyota Motor Corp. has undergone its fair share of investigations and lawsuits as well related to claims of sudden car acceleration.

However, those investigations will soon be coming to an end — at a heavy cost for Toyota. The Department of Justice (DOJ) announced on March 19 that it has reached an agreement with the car company to pay $1.2 billion to end a criminal probe into the sudden acceleration issue.

Assistant Editor

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Zach Warren

Zach Warren is Assistant Editor of InsideCounsel magazine, where he oversees online content submissions and administers InsideCounsel's enewsletters. Zach specializes in new media and multimedia...

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